Month: August 2022

President Joe Biden (Photo by Oliver Contreras-Pool/Getty Images) Getty Images Here are 4 things to expect if President Joe Biden enacts student loan forgiveness. Here’s what you need to know and what it means for your student loans. Student loans President Biden is just weeks away from making one of the biggest announcements of his presidency. In August, Biden will decide whether to enact large-scale student loan forgiveness for millions of student loan borrowers. The White House has denied that Biden has decided to cancel student loans. However, leaked documents from the US Department of Education show a detailed plan…

You knew the pullback was coming. With the S&P up 9.1% in July, Federal Reserve officials are pushing back on the market’s two main narratives: the Fed’s “pivot” and “we’re in a recession.” Neil Kashkari, the president of the Federal Reserve Bank of Minneapolis, suggested in an interview with the New York Times on Friday that the market had jumped ahead in anticipating that the Fed would end its rate hike program, saying that the The Fed was “united in our determination to return inflation to 2 percent … and we are a long way from doing that.” For two…

XERICK, NY, August 1, 2022 /PRNewswire/ — Esquire Financial Holdings, Inc . (NASDAQ: LEFT) (the “Company”), the financial holding company of Esquire Bank, National Association (the “Bank”), today announced Joseph Melohn he was appointed a member of the Boards of Directors of both the Company and the Bank, with effect July 282022. Mr. Melohn is a private investor and entrepreneur. Since 2006, Mr. Melohn serves as president of The Expansion Group Inc. and Expansion VC, a venture capital firm focused on early stage and growth companies. His responsibilities include managing and overseeing a real estate portfolio and all family office…

PROVO, Utah and SEATTLE–(BUSINESS THREAD)–Qualtrics (Nasdaq: XM), the leader and creator of the experience management category, today announced that some of the world’s leading financial services organizations, including Lloyds Banking Group, M&T Bank and PNC Financial Services Group, have selected Qualtrics solutions in the second quarter of 2022 to deliver outstanding customer and employee experiences. “With so much uncertainty around us, it’s exciting to see more and more brands using our industry-leading platform to help address key business challenges, including the need to: improve operational efficiency, drive retention and cross-sell, increase employee engagement and deliver distinct omnichannel experiences that customers…

NEW YORK AND ZURICH–(BUSINESS THREAD)–Vontobel (SWX: VONN), the global investment firm, today announced the closing of its acquisition of UBS Swiss Financial Advisers AG (SFA), effective August 1, 2022. With With this transaction, which was announced on December 16, 2021, Vontobel is further strengthening its platform by offering clients a global investment approach and geographic diversification. Prior to the acquisition, Vontobel, through Vontobel Swiss Wealth Advisors (VSWA), was already ranked as one of the leading Swiss-domiciled providers of wealth management investment solutions for qualified US and Canadian investors. Together with Vontobel SFA’s assets under management (around CHF 6 billion as…

With the acquisition of debt-ridden DHFL, Piramal Group has set itself on a growth trajectory and is targeting a loan disbursement of around Rs 3,500 crore in the third quarter of this fiscal. Sharing the growth strategy with shareholders at the annual general meeting on Friday, Piramal Group chairman Ajay Piramal said the financial services group plans to further expand its branch network by adding 100 branches a year Fiscal 23. Piramal Finance is looking to expand its product suite by launching new, higher-performing differentiated products and new partnerships with fintech and consumer technology companies to acquire customers at scale…